Renjini Liza Varghese Environmental ministry has cleared the sub-sea LNG line from Kochi to NTPC Kayamkulam. This will enable the state to realise the dream of a load-shedding free state soon. Now it is just a pipeline away, ...

Ratings firm Fitch has assigned moderate default risk to state-run GAIL (India) Ltd’s long-term foreign currency issues, on the back of the energy major’s strong linkages with the government. “Fitch Ratings has assigned GAIL (India) Ltd ...

State-owned gas utility GAIL India has set a target of transmitting 118.2 million cubic metre of natural gas per day in 2011-12, the company said. The target for transporting natural gas was set in the annual performance ...

The Karnataka government, which has drawn up an action plan for adding 6,900 Mw of power capacity in the next three years, is exploring the possibility of importing coal and partnering in joint ventures in other ...

Rising crude oil prices without corresponding revisions in retail prices of regulated fuels will hurt the profits of India’s public sector oil companies, severely says report by credit rating agency CRISIL’s report CRISIL Research expects oil companies’ ...

State-owned gas marketeer GAIL (India) Ltd is scouting for shale gas assets in the US and is willing to invest around US $400-500 million (Rs1,824-2,280 crore), two people familiar with the development said. The company has floated ...

Oil and Natural Gas Corporation (ONGC), the country’s biggest crude oil producer, has suggested a fresh crude oil matrix-based subsidy sharing formula to the petroleum ministry. Last year, the company had suggested a similar formula to ...

As hike in diesel prices being ruled out by the central government, petroleum minister Murli Deora sought an increase in government subsidy to bail out the three oil marketing companies (OMCs). Deora met finance minister Pranab Mukherjee in ...

State-owned upstream company Oil and Natural Gas Corp (ONGC) today signed a cooperation agreement with another PSU GAIL India Ltd, who is leading marketer of the gas in the country giving the gas utility exclusive marketing ...

The petroleum secretary S Sundareshan yesterday said the government would support state-run oil marketing companies and shield consumers from the impact of surging international crude. He added the government would make up the losses of the ...